Blog

Read the latest insights and analysis from the experts at Oil Change International.

Pressure grows on World Bank boss to quit over funding of climate chaos

Last week, civil society advocates from across the world convened outside the Washington DC headquarters of the World Bank to protest the Bank’s highly controversial financing of deadly fossil fuel projects.

Civil society condemns Japanese Government’s “GX Strategy” for being “soaked in fossil fuels”

To coincide with the "GX Week" in Japan, a network of civil society groups from across the region and Global South have come together to call for Japan to stop financing false solutions and delaying the just transition to clean energy.

Explainer: What the COP26 and G7 promises to stop funding fossils in 2022 mean for climate and communities

39 countries and institutions signed a joint commitment to end any support for fossil fuels flowing abroad by the end of 2022, and in its place prioritize finance for clean energy. Recently the G7 reaffirmed their commitment and were now also joined by Japan, the only G7 member who hadn’t signed on. Here's what that means.

As G7 backslides over fossil fuel pledges, new research shows gas is not the answer to our climate and energy security crisis

With hundreds of millions of people across the word suffering from the fallout of higher energy prices and a cost of living crisis caused by Russia’s deadly war on Ukraine, this week’s G7 summit was the perfect opportunity for the world’s most powerful politicians to show clear compelling leadership.

Scientists issue new warning about the melting of Antarctica’s “riskiest” glacier

We have had great victories this year. But there is still so much more to do in order to stop fossil fuel extraction and fight for climate justice and a just transition and to stop further warming. Indeed, the warning signs continue to come. This week, scientists presented alarming news from Antarctica ...

COP26: Civil society tells Biden to leave fossil fuels in the ground

President Biden has continued to approve fossil fuel expansion in recent months, while pointing to Congress to excuse the United States’ lack of climate ambition and espousing false solutions like carbon capture and “net zero” plans that perpetuate fossil fuel destruction and environmental racism.

International precedent set as French Bank commits to exit from fossil fuels by 2030

La Banque Postale, which is a relatively small but progressive bank in France, has set an international precedent against oil and gas expansion. The bank, which was already committed to ensuring that its banking activities achieve net zero carbon emissions by 2040, announced a complete withdrawal from fossil fuels by the 2030. Will other banks now follow?

WHO calls climate change “single biggest health threat facing humanity”

As hundreds are arrested outside the White House demanding urgent action on our climate emergency, the World Health Organization has described climate change as the "single biggest health threat facing humanity," and called on governments and policymakers to "act with urgency" on the climate and health crises.

Secretive hedge funds investing in oil are now “reaping huge profits” as prices surge

As churches, colleges and companies increasingly pull out from investing in oil and gas, under pressure from the climate movement, secretive hedge funds are betting on climate chaos, planning on making millions of dollars in the process.